Woodward

WWD

Woodward, Inc. an American designer, manufacturer, and service provider of control systems and control system components (e.g. fuel pumps, engine controls, actuators, air valves, fuel nozzles, and electronics) for aircraft engines, industrial engines and turbines, power generation and mobile industrial equipment. Woodward, Inc. was founded as The Woodward Governor Company by Amos Woodward in 1870. Initially, the company made controls for waterwheels (first patent No. 103,813), and then moved to hydro turbines. In the 1920s and 1930s, Woodward began designing controls for diesel and other reciprocating engines and for industrial turbines. Also in the 1930s, Woodward developed a governor for variable-pitch aircraft propellers. Woodward parts were notably used in the GE engine on United States military's first turbine-powered aircraft.

Woodward has been a target of short sellers for a while. The current short interest of 1.87% is roughly at the average of the last 12 months (1.72%).